Ventive Hospitality IPO Overview
Ventive Hospitality IPO is a book built issue of Rs 1,600.00 crores. The issue is entirely a fresh issue of 2.49 crore shares.
Ventive Hospitality IPO bidding started from December 20, 2024 and ended on December 24, 2024. The allotment for the Ventive Hospitality IPO is expected to be finalized on Thursday, December 26, 2024. Ventive Hospitality IPO will list on BSE, NSE with tentative listing date fixed as Monday, December 30, 2024.
Ventive Hospitality IPO price band is set at ₹610 to ₹643 per share. The minimum lot size for an application is 23. The minimum amount of investment required by retail investors is ₹14,789. The minimum lot size investment for sNII is 14 lots (322 shares), amounting to ₹2,07,046, and for bNII, it is 68 lots (1,564 shares), amounting to ₹10,05,652.
The issue includes a reservation of up to 16313 shares for employees offered at a discount of Rs 30.00 to the issue price.
Jm Financial Limited, Axis Capital Limited, Hsbc Securities & Capital Markets Pvt Ltd, ICICI Securities Limited, Iifl Securities Ltd, Kotak Mahindra Capital Company Limited, SBI Capital Markets Limited are the book running lead manager of the Ventive Hospitality IPO, while Kfin Technologies Limited is the registrarfor the issue.
Refer to Ventive Hospitality IPO RHP for detailed information.
Ventive Hospitality IPO Important dates
Ventive Hospitality IPO IPO opens on December 20, 2024, and closes on December 24, 2024.
IPO Open Date | Friday, December 20, 2024 |
IPO Close Date | Tuesday, December 24, 2024 |
Basis of Allotment | Thursday, December 26, 2024 |
Initiation of Refunds | Friday, December 27, 2024 |
Credit of Shares to Demat | Friday, December 27, 2024 |
Listing Date | Monday, December 30, 2024 |
Cut-off time for UPI mandate confirmation | 5 PM on December 24, 2024 |
Ventive Hospitality IPO Financial Performance
Ventive Hospitality Limited’s revenue increased by 8% and profit after tax (PAT) dropped by -526% between the financial year ending with March 31, 2024 and March 31, 2023.
Period Ended | 30 Sep 2024 | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 | ||||||||||||||||||||||||||||||||||||
Assets | 8,794.1 | 8,606.17 | 8,010.41 | |||||||||||||||||||||||||||||||||||||
Revenue | 875.9 | 1,907.38 | 1,762.19 | 1,197.61 | ||||||||||||||||||||||||||||||||||||
Profit After Tax | -137.83 | -66.75 | 15.68 | -146.2 | ||||||||||||||||||||||||||||||||||||
Net Worth | 3,665.83 | 3,657.15 | 3,441.39 | |||||||||||||||||||||||||||||||||||||
Total Borrowing | 3,682.13 | 3,599.66 | 3,291.07 | |||||||||||||||||||||||||||||||||||||
Amount in ₹ Crore |
Ventive Hospitality IPO Key Performance Indicator
The market capitalization of Ventive Hospitality IPO is Rs 15016.70 Cr.
KPI as of Sun, Mar 31, 2024.
KPI | Values |
---|---|
RoNW | -1.82% |
Price to Book Value | 3.66 |
Pre IPO | Post IPO | |
---|---|---|
EPS (Rs) | -3.20 | -11.80 |
P/E (x) | -201.01 | -54.48 |
Note:
- The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
- The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of September 30, 2024 that is available in RHP.
Ventive Hospitality IPO Objectives
The Company proposes to utilise the Net Proceeds from the Fresh Issue towards the funding of the following objects:
- Repayment/prepayment, in part or full, of certain of borrowings availed by the company:
- For payment of interest accrued thereon; and
- Step-down Subsidiaries, namely SS & L Beach Private Limited and Maldives Property Holdings Private Limited, including the payment of interest thereon through investment in such step-down Subsidiaries;
- General corporate purposes.
Ventive Hospitality IPO Lot Size
Investors can bid for a minimum of 23 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
Application | Lots | Shares | Amount |
---|---|---|---|
Retail (Min) | 1 | 23 | ₹14,789 |
Retail (Max) | 13 | 299 | ₹1,92,257 |
S-HNI (Min) | 14 | 322 | ₹2,07,046 |
S-HNI (Max) | 67 | 1,541 | ₹9,90,863 |
B-HNI (Min) | 68 | 1,564 | ₹10,05,652 |
Ventive Hospitality IPO Details
IPO Date | December 20, 2024 to December 24, 2024 |
Listing Date | [.] |
Face Value | ₹1 per share |
Price Band | ₹610 to ₹643 per share |
Lot Size | 23 Shares |
Total Issue Size | 2,48,83,358 shares (aggregating up to ₹1,600.00 Cr) |
Fresh Issue | 2,48,83,358 shares (aggregating up to ₹ 1,600.00 Cr) |
Employee Discount | 30.00 |
Issue Type | Book Built Issue IPO |
Listing At | BSE, NSE |
Share Holding Pre Issue | 20,86,57,830 shares |
Share Holding Post Issue | 23,35,41,188 shares |
Ventive Hospitality IPO Company Overview and Services
Incorporated in February 2002, Ventive Hospitality Limited is in the hospitality business, primarily focusing on business and leisure segments. The company primarily focuses on developing and managing high-end luxury hotels and resorts.
As of September 30, 2024, the company has 11 operational hospitality assets in India and the Maldives, with 2,036 keys across various upscale segments.
The company’s hospitality assets are operated by or franchised by global operators such as Marriott, Hilton, Minor and Atmosphere.
The company’s hotels are located in prime areas like Pune and Bengaluru, popular tourist spots such as the Maldives, and significant spiritual and cultural centres like Varanasi.
The company’s pre-acquisition luxury hospitality asset comprises JW Marriott, Pune, and its post-acquisition luxury hospitality assets comprise JW Marriott, Pune, The Ritz-Carlton, Pune, Conrad, Maldives, Anantara, Maldives and Raaya by Atmosphere, Maldives.
As of September 30, 2024, the company had 2,791 permanent employees and employed 632 personnel on a contract basis across its hospitality assets.
Competitive Strengths
- Premium hospitality assets complemented by Grade A annuity assets
- Established track record of development and acquisition-led growth in India and the Maldives
- Renowned Promoters with global and local expertise
- Professional and experienced management team
- Proven track record of adding value through active asset management
- Well-positioned to benefit from strong industry tailwinds
Ventive Hospitality IPO SWOT Analysis
Strengths:
- Strong Revenue Growth: Ventive has demonstrated significant revenue growth in recent years, indicating a positive market reception and effective business strategies.
- Focus on Premium Hospitality: The company focuses on owning and operating upscale hotels and resorts in prime locations, catering to a high-value clientele.
- Strategic Asset Acquisitions: Recent acquisitions have expanded Ventive’s portfolio and increased its asset value, contributing to growth.
- Presence in Key Markets: Ventive has a presence in key markets like Pune, Bengaluru, and the Maldives, which are popular destinations for business and leisure travel.
- Partnerships with Established Brands: Ventive partners with well-known hospitality brands like Marriott and Hilton to manage some of its properties, leveraging their brand recognition and operational expertise.
Weaknesses:
- Recent Losses: Recent financial data indicates that Ventive has incurred losses, raising concerns about its profitability and financial stability.
- High Debt Levels: The company has a substantial debt burden due to recent acquisitions, which could impact its cash flows and profitability.
- Dependence on Third-Party Operators: Reliance on third-party operators for hotel management could lead to potential conflicts of interest or operational challenges.
- Geographical Concentration: A significant portion of Ventive’s revenue is derived from a few key locations, making it vulnerable to region-specific risks or economic downturns.
Opportunities:
- Growing Tourism and Hospitality Sector: The Indian tourism and hospitality sector is expected to continue growing, driven by increasing domestic and international travel.
- Demand for Luxury Travel: The demand for luxury travel experiences is increasing, which could benefit Ventive’s focus on premium hospitality.
- Expansion into New Markets: Ventive has the opportunity to expand its presence in new geographical markets and diversify its revenue streams.
- Strategic Partnerships and Acquisitions: Further strategic partnerships or acquisitions could enhance Ventive’s portfolio and market position.
Threats:
- Intense Competition: The hospitality industry is highly competitive, with established domestic and international players.
- Economic Slowdown: An economic slowdown could negatively impact travel and tourism, affecting Ventive’s business.
- Seasonality: The hospitality industry can be subject to seasonality, with fluctuations in demand depending on the time of year.
- External Factors: External factors such as pandemics, natural disasters, or political instability could disrupt travel and impact the hospitality sector.
Ventive Hospitality IPO GMP Details
Ventive Hospitality IPO last GMP is ₹54, last updated Dec 24th 2024 08:29 AM. With the price band of 643.00, Ventive Hospitality IPO’s estimated listing price is ₹697 (cap price + today’s GMP).The expected percentage gain/loss per share is 8.40%.
We update GMP on a daily basis and based on last 10 sessions grey market activities, today IPO GMP trending upward and expects a strong listing. The lowest GMP is ₹0, while the highest GMP is ₹67. Stay with us to know the daily price trend of Ventive Hospitality IPO GMP with expected listing price.
GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Estimated Listing Price | Last Updated |
---|---|---|---|---|---|
24-12-2024 Close | 643.00 | ₹54 | 900/12600 | ₹697 (8.4%) | 24-Dec-2024 8:29 |
23-12-2024 | 643.00 | ₹54 | 900/12600 | ₹697 (8.4%) | 23-Dec-2024 22:24 |
22-12-2024 | 643.00 | ₹29 | 500/7000 | ₹672 (4.51%) | 22-Dec-2024 22:28 |
21-12-2024 | 643.00 | ₹35 | 600/8400 | ₹678 (5.44%) | 21-Dec-2024 22:25 |
20-12-2024 Open | 643.00 | ₹45 | 800/11200 | ₹688 (7%) | 20-Dec-2024 22:25 |
19-12-2024 | 643.00 | ₹67 | 1200/16800 | ₹710 (10.42%) | 19-Dec-2024 22:2 |
What is IPO GMP?
The grey market premium (GMP) reflects the unofficial trading price of an IPO before its listing, offering insights into its potential market performance. A positive GMP indicates that the IPO may yield profits, while a negative GMP suggests a possible discount upon listing. However, it’s essential to recognize that IPO GMP can be highly volatile. Therefore, investors should not make decisions solely based on the GMP but should thoroughly assess all relevant factors before investing.
Ventive Hospitality IPO Subscription Status
Ventive Hospitality IPO subscribed 2.2 times. The public issue subscribed 2.85 times in the retail category, 1.37 times in QIB, and 3.41 times in the NII category by December 24, 2024.
Investor Category | Subscription (times) | Shares Offered* | Shares bid for | Total Amount (Rs Cr.)* |
---|---|---|---|---|
Anchor Investors | 1 | 1,11,90,513 | 1,11,90,513 | 719.550 |
Qualified Institutions | 1.37 | 74,60,342 | 1,02,50,088 | 659.081 |
Non-Institutional Buyers | 3.41 | 37,30,171 | 1,27,04,648 | 816.909 |
bNII (bids above ₹10L) | 3.86 | 24,86,929 | 96,02,178 | 617.420 |
sNII (bids below ₹10L) | 2.5 | 12,43,242 | 31,02,470 | 199.489 |
Retail Investors | 2.85 | 24,86,781 | 70,95,178 | 456.220 |
Employees | 6.67 | 16,313 | 1,08,859 | 7.000 |
Total ** | 2.2 | 1,36,93,606 | 3,01,58,773 | 1,939.209 |
Total Application : 3,12,473
Note:
-
*: “Shares Offered” and “Total Amount” are calculated based on the upper price of the issue price range.
-
**: The portion of anchor investors (or market makers) is not included in the total number of shares offered.
Date | QIB | NII | NII (> ₹10L) | NII (< ₹10L) | Retail | EMP | Total |
---|---|---|---|---|---|---|---|
Day 1 Dec 20, 2024 |
1.11 | 0.1 | 0.06 | 0.19 | 0.65 | 0 | 0.75 |
Day 2 Dec 23, 2024 |
1.28 | 1.13 | 1.18 | 1.03 | 1.86 | 5.25 | 1.35 |
Day 3 Dec 24, 2024 |
1.37 | 3.41 | 3.86 | 2.5 | 2.85 | 6.67 | 2.2 |
Ventive Hospitality IPO Contact Details
Ventive Hospitality Limited
2 nd Floor, Tower D, Tech Park One
Yerwada
Pune, 411006
Phone: +91 2069061900
Email: CS@ventivehospitality.com
Website: https://www.ventivehospitality.com/
Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.
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